Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Rami Beracha to Launch Pioneering Dubai Investment Fund

The new investment fund aims to connect companies and local entrepreneurs, create a global renewal center in the Persian Gulf state, and position the UAE as a center of excellence.

Driving consolidation: Dubai's Emaar set to merge its malls, properties business

Subject to regulatory approvals, shareholders of Emaar Malls will receive 0.51 Emaar Properties shares for every one Emaar Malls share

Abu Dhabi's Mubadala hires banks for dual-tranche euro bonds - document

Citi and JPMorgan were hired as global coordinators, with Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, ING, Morgan Stanley and Standard Chartered as joint bookrunners

Jadwa Investment launches mezzanine financing fund

The fund will provide Shariah-compliant mezzanine financing to high-quality companies through a commodity murabaha arrangement, with the aim of generating a stream of income distributions for the fund’s investors.

CBZ chair punts agritech, mining in push for UAE investment in Zimbabwe

“In particular, the UAE is everywhere and dominant,” he said. “It’s been especially aggressive through strategic investors,” he said.

Global Business Forum roadshows identify new business opportunities in African markets

Series of 6 virtual roadshows joined by over 60 prominent businessmen, trade officials and other stakeholders from a wide range of economic sectors in East Africa, West Africa and Southern Africa

DAMAC Properties mulls increasing stake in DAMAC International Limited

The Dubai-based developer currently owns a 20% stake in the subsidiary

Abu Dhabi's ADQ assets estimated at $110bln

Oil-rich Abu Dhabi manages more than $1trln in sovereign wealth capital

UAE's Gulf Capital exits investment in energy firm ECDC Holding

Company first partnered with ECDC in 2014

COVID-19 hasn't drastically altered principles of doing business, says Jacky's Ashish Panjabi

Panjabi is not too taken up with all that talk about disruptions all over the place

Bahrain's Investcorp acquires US-based KSM Consulting

The firm’s flagship offerings include design thinking – a customer-centric approach to innovation that entails rapid prototyping of creative new products and services – as well as the use of data insights and tech integration to turbo ch

Why Zimbabwe and Rwanda could offer ripe opportunities for Gulf investors

Marc Holtzman, chairman of one of the largest financial institutions in Zimbabwe, CBZ Holdings Limited, discusses how Africa could offer trade and investment opportunities for Middle Eastern businesses

UAE's MPM Properties sees opportunities in Abu Dhabi residential market

MPM Q4 2020 Real Estate Market Overview reports that COVID-19 pandemic has continued to affect Abu Dhabi's property market, with sales rates declining 1.5% quarter-on-quarter and 8.5% annually

Helmy, Hamza & Partners, Baker McKenzie Cairo Strengthens its Corporate Practice in Egypt

Hani joins Helmy, Hamza & Partners, Baker McKenzie Cairo from Eversheds Sutherland Dubai office, where he has been a partner in the firm’s corporate practice group.

Kuwait Finance House K S C P : KFH Top Private Sector Recruiter of Kuwaitis

This reflects KFH`s ongoing focus on building and developing the local talents as well as confirms the excellence in terms of local labor and Kuwaitization ratio.

HSBC Tops Euromoney Poll For Trade Finance Service In Middle East

More than 80% of HSBC’s trade transactions in the Middle East were completed digitally in 2020, with 75% processed in less than 24 hours.

Saudi's Al Rajhi Bank board recommends $667mln dividend

The bank announced the dividend of SAR 1 per share

UAE shoppers make good use of weekend gold price drop to below Dh200 a gram

Jewellery retailers record strong shopper traffic on last two days of February

Dubai on track to become leading sustainable financial hub

The various initiatives of the Working Group as well as the individual measures from the founding members are aligned with Dubai’s sustainability drive.

GFH acquires mission-critical Chicago distribution center

The facility is distinguished by its strategic location in the geographic center of the US.

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